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PBGC Presages Solvency Trouble for Multiemployer Plans
There’s consternation about the future solvency of multiemployer plans and concerns about whether plan sponsors should expect higher insurance premiums as a result of three new reports from the Pension Benefit Guaranty Corp. On Jan. 29, PBGC sent to Congress reports on the status of multiemployer pension plans it insures, the current effects of pension […]
The Trap of Overbroad, Out-of–Date Policies
In yesterday’s Advisor, we found attorney Kevin Troutman’s first five threats and traps for HR managers; today, three more plus an introduction to the all-in-one HR website, HR.BLR.com. Troutman, who is a partner in the Houston office of law firm Fisher &Phillips LLP, blogged his threats and traps on Mondaq.com. [Go here for Traps 1 […]
English-Only Rules: Employer Ordered To Pay Over $700,000 To Telephone Operators Hired—And Fired—For Speaking Spanish; Creating Language Policies That Work
A record damage award levied against a telephone company that tried to prevent operators from speaking Spanish to each other in the workplace underscores the risks of enforcing English-only policies. Faced with this increasingly common type of bias case, a federal court has concluded that the language restriction amounted to illegal discrimination based on national […]
‘Just Cause’ Measure on Colorado November Ballot
A proposed measure that would amend the Colorado Constitution to bar employers from firing or suspending employees without just cause was certified for the November 2008 ballot by the Colorado secretary of state on August 22. The “Just Cause Initiative,” which will appear on the November ballot as Amendment 55, gathered more than 130,000 signatures […]
SI’s ‘Top 50’ Highest-Earning Professional Athletes—Who Is Missing?
Sports Illustrated has come out with its annual list of the top 50 highest-earning athletes in American sports. And who is missing? It’s obvious, but it may surprise you. You can probably guess who is in the Top 10, but the top jock is not who you may think. It is someone who has been […]
Race a Factor in Advancement in Silicon Valley
A new study finds that while the San Francisco Bay Area is home to one of the most heterogeneous populations in the United States, diversity in technology leadership roles has generally stagnated over the last decade.
ERISA Rules Do Not Forbid Dropping Fund Transfer Option, Another Court Finds
Eliminating a participant option to switch to a defined benefit plan from a defined contribution offering does not violate ERISA anti-cutback provisions, even if participants’ accrued — but unclaimed — benefits are reduced. The recent ruling in Andersen v. DHL Retirement Pension Plan (Case No. 2:12-cv-00439-MJP WL 5389141, U.S. Dist., Western District of Washington Nov. […]
HR Metrics: Count on Them
To reach the top levels of business, two experts advise using HR metrics. In a June 28 BLR audio conference, they’ll tell you how. Yesterday’s Daily Advisor carried the results of a survey of top HR generalists on what skills they’d most like to see in their successors. Many must have been surprised to find […]
Immigration: Government Taking Two-Track Approach to Maligned No-Match Rule
Several months ago, the Department of Homeland Security (DHS) issued a final regulation mandating the steps employers must take to verify an employee’s Social Security number (SSN) when the employer receives a “no-match” letter from the DHS or the Social Security Administration. The rule specified that employers would be required to fire employees–or face government […]